Boult2100

BankNifty - Opened right at the resistance.

NSE:BANKNIFTY   NIFTY BANK
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3
Profits booked right at the resistance on downward sloping line. Now it is going to wait for heavyweight, HDFC Bank results today before making the next move.

BankNifty is in consolidation mode on higher time frame charts. It is quite volatile due to ongoing results season and trump rhetoric.

Try buying near the lower end of the range 18700-18800 and sell it near higher end 19100-200.
Comment: If it crosses 18997 (Morning high) & closes above 19000 then further rally is on the cards till 19200-275.
Comment: Crossed 19000. Buy with 40 point SL.
Comment: If it closes above 19000 today and Nifty above 8460 then hold for 19275
Comment: Carry the long positions home. BankNifty might open 100-150 points higher tomorrow. Recent highs are expected.

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